National Bank of Ukraine

The National Bank of Ukraine applies double standards to business reputation, strictly enforcing them for bankers and ignoring violations by its own officials who continue to work despite court decisions and criminal cases against them.

In March 2024, consumer inflation in Ukraine slowed to 3. 2% year-on-year from 4.3% in February, and prices increased by 0.5% month-on-month, driven by lower prices for raw food and fuel due to temporary factors such as a bumper harvest, mild winter, and the transportation blockade of the western borders.

The European Commission has launched an official screening of Ukrainian legislation on the freedom of movement of capital, analyzing its compliance with EU laws.

The National Bank of Ukraine set the official hryvnia exchange rate at 38. 9945 UAH/USD, devaluing it by 1 kopeck.

The National Bank of Ukraine set the official hryvnia exchange rate at 38. 9882 UAH/USD, devaluing it by 14 kopecks.

The National Bank of Ukraine has set the official hryvnia exchange rate at 38. 8437 UAH/USD, strengthening the hryvnia by 18 kopecks.

In February, imports dropped by about $350-400 million due to the blockade of the western borders, with a significant drop in imports of food, industrial goods, and wood, but an increase in imports of petroleum products and some chemicals.

In March, the hryvnia exchange rate fluctuated in both directions, depreciating moderately by the end of the month due to factors such as increased demand for imports, budget expenditures, and tax payments, which forced the NBU to increase foreign currency sales to $1. 8 billion.

President Zelenskyy signs a decree imposing sanctions against 86 legal entities and 7 individuals, including foreign nationals, for a period of 3 to 10 years.

Ukraine's international reserves rose to $43. 8 billion in early April, up 18% over the month, thanks to significant inflows from international partners of over $9 billion, which exceeded debt repayments and foreign currency sales.

According to the National Bank of Ukraine, consumer inflation continued to decelerate in March after falling to 4. 3% yoy in February.

The National Bank has set the official hryvnia exchange rate at 39. 0201 UAH/USD, strengthening it by 17 kopecks.

Since the beginning of 2024, the hryvnia has depreciated by 3. 3% against the US dollar due to increased government spending, international aid inflows and the end of the annual corporate income tax period, but the National Bank of Ukraine continues to actively participate in the market to ensure exchange rate stability and attractiveness of hryvnia assets.

The NATO Secretary General's proposal to create a €100 billion fund for Ukraine has zero chance of being implemented under the current financial model, Ukrainian Foreign Minister Dmytro Kuleba believes.

The National Bank of Ukraine has strengthened the official hryvnia exchange rate against the US dollar by 13 kopecks to 39. 1953 UAH/USD.

The National Bank of Ukraine has set the official hryvnia exchange rate at 39. 3236 UAH/USD, devaluing it by 25 kopecks.

In 2023, illegal actions with payment cards resulted in losses of UAH 833 million, which is 73% more than in 2022, with 272,000 fraudulent transactions and an average loss of UAH 3,065 per transaction.

Ukraine's economy grew by 5. 3% in 2023, despite the ongoing war with Russia, thanks to high business adaptability, stabilization of the energy sector, and loose fiscal policy.

The National Bank of Ukraine set the official hryvnia exchange rate at 38. 0749 UAH/USD, devaluing it by 8 kopecks.

The National Bank of Ukraine increased its foreign exchange interventions by 16. 7% in March to $1.81 billion to support the hryvnia exchange rate and maintain macro-financial stability during the war.

The National Bank of Ukraine sells dollars from its reserves to compensate for the structural shortage of foreign currency during the war, prevent the devaluation of the hryvnia, and maintain macrofinancial stability.

The National Bank set the official exchange rate at 38. 9974 UAH/USD, strengthening the hryvnia by 23 kopecks, and 42.16 UAH/EUR.

In the fourth quarter of 2023, insurance premiums increased by 22%, credit union assets by 10. 7%, and financial company assets by 2.7%.

The National Bank of Ukraine is expanding the publication of external sector statistics in euros and hryvnia on its website, bringing it in line with EU practices as Ukraine moves forward on its path to European integration and EU membership.

The NBU may consider pegging the hryvnia to the euro instead of the dollar due to the growing demand for the euro in foreign exchange transactions, which accounts for almost 50% of non-cash transactions.

The National Bank of Ukraine has set the official hryvnia exchange rate at 39. 2273 UAH/USD, strengthening it by 10 kopecks.

Ukraine's Energy Minister Herman Galushchenko said that the ministry is not currently considering raising electricity tariffs for households, despite the damage caused by recent Russian attacks on the energy sector.

The National Bank of Ukraine today set the official hryvnia exchange rate at 39. 2298 UAH/USD.

Last week, entrepreneurs received 600 soft loans worth UAH 2. 1 billion under the government program "Affordable Loans at 5-7-9%".

In 2023, the number of accounts opened by payment service users in Ukraine increased by 15. 5% year-on-year to 185.1 million.